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Stocks Surge To Record Highs After Biggest Short Squeeze In Over 3 Years

Because really there is nothing left to say... US Macro data at 10-month lows, earnings expectations collapsing... US equity markets at all-time record highs...

 

These last 2 weeks - post Yellen - are the biggest and baddest stretch of gains since Bullard did the heavy lifting in October... (and 2nd best since Dec 2011)

 

Quite a rip in stocks this week... given everything that is going on...

 

VIX was clubbed like a babyseal...

 

But not surprising given the biggest 2-week short squeeze since December 2011...

 

Ugly week for the long-bond (significant steepening in 2s30s)...

 

Worst 2-week spik ein 30Y Yields since Jan 2009...

 

The Dollar was weak on the week... led by EUR (everything is fixed) and JPY (BoJ is buggered) strength...

 

Gold closed the week in the red despite USD weakness - well everything is awesome so why not - as silver led commdoties higher along with copper and crude. Crude seemed to roundtrip off the early week plunge.

 

And so with that we leave for a long weekend... with this... it's all about fundamentals...

 

Charts:Bloomberg